1161 – Restaurant Row!
$ 399,000
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This is a very successful restaurant and cocktail lounge in the heart of restaurant row. Lots of walk-by traffic. Business will increase as the work progresses to extend 17th Avenue SW right into the Stampede Grounds past the new BMO Centre and new arena and event center.
Sales: Gross sales: $1.025M per year
Size in sq. ft. 1,792 sq. ft. on main; plus 2,200 sq. ft. downstairs
No. of Seats: 56 inside; 19 on front patio; 16 on street patio; 8 side patio
Number of parking stalls: First-come, first-served basis in back for paid parking plus on-street
Financing: Treat as clear title
Style of cuisine: Western food; casual dining
Customer Demographics: Wide range of ages; business people; locals; lots of walk-by traffic
Type of service: Table
Hours of operation:
4 pm – close; on Saturdays and Sundays 1 pm – close
Number of employees: 16 with 6 full-time and 10 part-time. Can rise up to 20 in the summer.
Leasing information:
Rate per sq. ft. Vendor is presently negotiating with the Landlord on a lease renewal. Terms have yet to be concluded.